FORTY-THIRD LEGISLATURE
FIRST SESSION
March 14, 1997
SENATE FLOOR AMENDMENT number _______ to
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Amendment sponsored by Senator Pete Campos
1. On page 2, line 7, strike "2005" and insert in lieu thereof
"2006".
2. On page 2, strike lines 13 through 17 and insert in lieu
thereof:
"C. The taxation and revenue department is directed to
withhold an additional administrative fee at the following
percentage of the net amount to be distributed pursuant to the
following provisions of law:
(1) two percent of the net amount to be distributed
pursuant to Section 7-1-6.12 NMSA 1978; and
(2) six-tenths of one percent of the net amount to be
distributed pursuant to Section 7-1-6.13 NMSA 1978.".
3. On page 3, strike lines 2 through 6 and insert in lieu
thereof:
"E. The administrative fee to be withheld by the taxation
and revenue department under Section 7-1-6.12 and 7-1-6.13 NMSA 1978
shall be set at three percent of the net amount to be distributed
pursuant to the provisions of those sections.".
4. On page 3, line 10, strike "2005" and insert in lieu
thereof "2006".
5. On page 4, lines 8 through 11, strike the brackets and
line-through, and on line 11, before "administrative" insert "and
any additional".
6. On page 4, line 12, before "Section" insert "Subsection C
of".
7. On page 4, lines 22 through 24, strike the brackets and
line-through and on line 25, before "administrative" insert "and any
additional".
8. On page 4, line 25, before "Section" insert "Subsection C
of".
__________________________
Pete Campos
Adopted ___________________ Not Adopted _______________________
(Chief Clerk) (Chief Clerk)
Date _________________